Today’s retail industry is highly competitive and dynamic. Shops get bigger and storage space gets smaller, so retailers need to have full control over all logistics aspects – from forecasting to ordering and Just In Time delivery.
Especially with fast moving goods, logistics are one of the core pillars of retail operations. The amount of products sold in stores increases and additional products and product categories must be added as fast and easy as possible. And with an increasing number of e-commerce initiatives, logistics becomes even more complex and time critical.
Historically, retail has been one of the market segments that was far ahead of other industries when it comes to sharing digital information (EDI and barcodes to name just a few). Today, data integration has become one of the key differentiators for retail and a driver for retail optimization. Data integration helps drive:
– Efficient consumer response programs
– Automatic resupply
– Shelf optimization
– Stock minimization
– Just in Time delivery
Especially when selling fresh products such as vegetables, meat and flowers, stock optimization can mean the difference between making and losing money. The availability of products throughout the whole supply chain and the speed of delivery to the stores directly impacts store results.
Retail logistics efficiency
An important trend is logistical optimization through the combination of orders from multiple clients. This increased efficiency helps retail organizations remain profitable in an increasingly competitive environment whilst satisfying the needs of their clients. Because ‘transport’ is hereby defined in a much broader context than before, this puts a whole new demand on the way information is being made available, shared and combined in a secure and efficient way.
With a growing amount of connections with suppliers, partners and customers the security risks increase. Privacy laws enforce proper management of customer data so customer data must be stored and shared without you having to worry about sensitive data being out of control.
Retail data integration solutions
Vendor managed inventory, supply chain optimization, efficient consumer response and auto replenishment increase the need for easy access to accurate and up-to-date logistical information. Instead of building a vulnerable network of 1 on 1 connections, retail organizations should invest in a single, secure and scalable platform to cover all their data integration needs.
Please contact us if you want to learn more about our retail data integration solutions.